Everything you need to know about ENHANCEMENT day at Goldman Sachs

Today is the day that Goldman Sachs announces its managing directors. This is already causing some excitement. The Wall Street Journal says today is called 'Enhancement Day' at Goldman, although it's not clear whether this is the WSJ's moniker or Goldman's own.

This is what you need to know:

1. 266 people were promoted last year. More will be promoted this year (says the WSJ).

2. Goldman won't be promoting any MDs next year, making this year's promotions an especially important event.

4. If you work at Goldman, your chances of being made an MD are stupidly small. There are 12,000 executive directors (the level below MD) at Goldman Sachs according to the WSJ. If Goldman promotes 300 people this year, that makes a success rate of...2.5%.